Category: Exploration and Development

Galore Resources Inc. announces that it has commenced a 3,500- meter diamond-drilling program on its wholly owned Dos Santos Property in Zacatecas State, Mexico.

San Marco Resources Inc. announces it has commenced preparation for Phase One core drill program at its 100% owned Chunibas gold/silver project, located approximately 160 kilometres east of Hermosillo, Sonora State, Mexico.

San Marco Resources Inc. announces that results from ongoing geological mapping and prospecting have confirmed and expanded the size potential of Target #1068 in Sonora State, Mexico, elevating the target to project status.

“Congratulations to Dean on receiving this prestigious award,” said Phillips S. Baker, Jr., President and CEO. “We believe the largest risk to mining companies today is the ability to replace reserves. Dean and his exploration team have been instrumental in Hecla maintaining its strong and growing reserve and resource profile over the past 10 years; as we added 299 million silver ounces to reserves despite price volatility and the recent trend in the industry of declining reserves.”

Canasil Resources Inc. announces assay results for drill holes ES-17-18 and ES-17-19 of the 2016-17 core drilling program at the La Esperanza silver-zinc-lead project in Durango and Zacatecas States, Mexico. Both drill holes intersected wide mineralized intervals with multiple silver-zinc-lead intercepts, with appreciable gold values in ES-17-19, reporting high-grade intervals from the La Esperanza vein. These holes now complete the current drill program, which was expanded to eight drill holes for a total of 2,452 metres (m). All drill holes successfully intersected the La Esperanza vein indicating a strong mineralized system which remains open in both directions to the southeast and northwest along strike and to depth. Of particular note are the high gold grades observed for the first time together with high silver grades in drill hole ES-17-19.

Lithium Australia Managing director Adrian Griffin stated: “These results are a great start to our metallurgical evaluation program and clearly show the potential to produce a valuable concentrate from the host volcanogenic sediments. The acid solubility of the lithium is of greater importance. The ability to leach the lithium in very short periods of time, at ambient temperature, and without the requirement of pre-treatment may have profound effects on the economics of Agua Fria, the next major lithium clay deposit.”

CEO John Lawrence said “We are excited to start the Los Juarez gold, silver, and antimony pilot production. We are optimistic about further progress at Los Juarez and believe it could be a major event for shareholders. In addition, we remain focused on increasing Mexican antimony production and BRZ zeolite sales.

Mexus Gold US has noted through communications from a few of its shareholders that it appears there are numerous misleading and undocumented statements which have been made in various forms of media. The Company realizes in today’s environment statements such as these are easily published without sufficient supporting documentation and data and may be made with the intent to influence our shareholders in a negative manner. It is important to note our goal has been to maintain the conduct of our business in high standards and ethically communicate those actions to our shareholders. The following is a summary of the Santa Elena project in Mexico:

MX Gold Corp. is pleased to announce that, further to its February 13, 2017 news release, the Company has paid an additional US$425,000 to American Metal Mining S.A. de C.V. as required under the option agreement dated February 6, 2017, as amended. To date, the Company has paid US$1,075,000 of the US$1,525,000 total amount required in order to acquire 50% of the shares of a private Mexican corporation that holds the IDS Project. As stated in the February 13th news release, the IDS Project consists of a past producing gold smelter, three acres of land situate around the smelter, and various equipment and permits associated therewith. Upon advancement of the initial payment, the Company was granted a 49.5% net profit participating interest in the IDS Project that will remain until option exercise, provided that all payments are made by the Company in accordance with the amended option agreement.

Telson Resources Inc. is pleased to announce that is has entered into a definitive Share Purchase Agreement with Nyrstar Mining Ltd. and Nyrstar Mexico Resources Corp. to purchase all of the shares of Nyrstar’s Mexican subsidiary companies that make up and own 100% of the Campo Morado mine, located in Guerrero State, Mexico.